RBC Global Asset Management closes several mutual funds to new investors

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Effective September 15, 2021, the following mutual funds will be capped: RBC Global Equity Fund, RBC Vision Global Equity Fund, RBC Global Equity Focus Fund, RBC Global Equity Class, RBC Global Equity Focus Currency Neutral Fund, RBC Global Dividend Growth Fund, RBC Global Dividend Growth Currency Neutral Fund, Phillips, Hager & North Global Equity Fund, Phillips, Hager & North Overseas Equity Fund, Phillips, Hager & North Currency-Hedged Overseas Equity Fund, and Phillips, Hager & North Overseas Equity Class.

According to RBC, purchase orders by new investors will only be processed if submitted on or before 4:00 pm Eastern on September 15, 2021.

“Please consult your advisor and read the prospectus or fund facts document before investing,” RBC said in its statement. “There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

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